Printing Inks Market Size, Share, Growth and Industry Trends, 2028...

Printing Inks Market Size, Share, Growth and Industry Trends, 2028

Posted 2024-10-03 11:19:00

The global printing inks market size was valued at USD 19.2 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 2.8% from 2021 to 2028. The market is expected to witness moderate growth over the forecast period. Factors such as the growing end-use industry, including flexible packaging, commercial printing & publishing, packaging labels, have majorly driven this market.

The superior properties of the constituents such as pigments, binders, solubilizers, and additives to produce text, design, or images along with rising demand from the packaging sector, commercial printing, and changing consumer preference, these solutions are expected to have unceasing demand in the future.

The global printing inks market is heading toward major consolidations to increase efficiency, support growth, and achieve more leverage with suppliers and customers. Market consolidation has become a long-term trend, particularly in the western market, with limited organic growth.

Gather more insights about the market drivers, restrains and growth of the Printing Inks Market

Printing Inks Market Report Highlights

• The global printing inks market generated revenues worth USD 19.2 billion in 2020 and is expected to grow at an estimated CAGR of 2.8% over the prediction period

• The packaging & labels segment was the largest application segment in 2020. Changing lifestyle of consumers, rising awareness for bio-degradable products within the middle-class population in emerging countries

• Polyurethane was the fastest growing polymer for 2020 and is expected to follow the same trend during the forecast period

• Asia Pacific accounted for over 30% of the overall revenue in 2020 owing to strong presence of numerous big companies in the regions and growing demand from emerging countries

• Major market players with a global presence include DIC Corporation, Flint Group, Sakata Inkx Corporation, Altana Epple Druckfarben, Tokyo Printing Ink Mfg. Co., Ltd and Huber Group

• Governmental regulatory agencies play a crucial part in the manufacturing process of the productswith norms such as EPA Clean Air Act regarding VOC emissions in environment and REACH regulations for safer food packaging materials dominate the global industry

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.

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